Sundara Raja Market Trends - (Jan 23, 2020)

Sundara Raja Market Trends - (Jan 23, 2020)
 
 
Resistance1: 12,130     --    Resistance 2  : 12,160
Support:        12,080      --   Support 2 :       12,050
 
Nifty closed with a loss of 62 points.
Market declined below 50 days moving averages.
Market expected to open flat.
 
Nifty has the next support at 12,080.
 
 
In-case of a further trading below 12,080, then it indicates a correction.
Then the next major support below is at 12,050 and next 12,000.
 
 
 
Nifty in-case of an intra-day recovery, resistance above is at 12,130.
Market has to trade above resistance for a further uptrend.
Then the next major resistance above is at 12,160 and 12,200.
 
 
 
V. Sundar Raja, Research Analyst.
Next support 12,080   -- 23 Jan 2020
 
Resistance1: 12,130     --    Resistance 2  : 12,160
Support:        12,080      --   Support 2 :       12,050
 
Nifty closed with a loss of 62 points.
Market declined below 50 days moving averages.
Market expected to open flat.
 
Nifty has the next support at 12,080.
 
 
In-case of a further trading below 12,080, then it indicates a correction.
Then the next major support below is at 12,050 and next 12,000.
 
 
 
Nifty in-case of an intra-day recovery, resistance above is at 12,130.
Market has to trade above resistance for a further uptrend.
Then the next major resistance above is at 12,160 and 12,200.
 
 
 
V. Sundar Raja, Research Analyst.


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